Project Enterprise was an American microfinance nonprofit organization in New York City providing entrepreneurs from underserved areas with loans, business training and networking opportunities. Operating on the Grameen Bank model of microlending, as of 2008, Project Enterprise (PE) had served more than 2,500 entrepreneurs in New York City, and provides microloans from $1,500 to $12,000.[2][3] The organizations web site was closed in 2017.
History
Project Enterprise was started in 1997 as the only provider of business microloans in New York City that does not require prior business experience, credit history or collateral to provide market-rate financing for small businesses.[4][5] PE has been a certified Community development financial institution since 1998. Founding Executive Director Vanessa Rudin was replaced by Arva Rice in November 2003.